How much does Gardiner Bros. and Company (Leathers) Limited make?

Gardiner Bros. and Company (Leathers) Limited reported revenue of £43.5m and £407k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Gardiner Bros. and Company (Leathers) Limited have?

Gardiner Bros. and Company (Leathers) Limited reported an average of 238 employees in the year to 31 Dec 2025.

Is Gardiner Bros. and Company (Leathers) Limited profitable?

Yes — Gardiner Bros. and Company (Leathers) Limited reported a profit of £407k in the year to 31 Dec 2025.

Company No. 00534801 · Incorporated 23 Jun 1954

Gardiner Bros. and Company (Leathers) Limited

Registered name: GARDINER BROS. AND COMPANY (LEATHERS) LIMITED

Part of Gardiner Bros. and Company Holdings Limited group

Gardiner Bros. and Company (Leathers) Limited made £43.5m revenue and £407k profit in the year to 31 Dec 2025.

Gardiner Bros. and Company (Leathers) Limited’s revenue fell 5% to £43.5m in the year to 31 Dec 2025, with £407k profit and 238 employees. The company is classified under “wholesale of clothing and footwear” and is based in Stonehouse; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46420Wholesale of clothing and footwear

Status: Active
Location: Stonehouse, South West
Age: 72 yrs · since 1954
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2025

Key figures

Cash flow filed

Revenue

£43.5m

Growth ▼5.1%

Profit

£407k

Growth ▼68.3%

Profit margin

0.9%

Gross 29.8%

Employees

238

Change ▲0.9%

Profit / employee

£1.7k

Revenue/employee £183k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£32.7m	£38.9m	£45.8m	£43.5m
Cost of sales	£22.8m	£26.9m	£32.6m	£30.5m
Gross profit	£9.9m	£12.1m	£13.2m	£13m
Operating profit	£3.4m	£3.4m	£3m	£1.6m
Profit before tax	£2.9m	£2.3m	£1.7m	£331k
Profit after tax	£2m	£1.7m	£1.3m	£407k
Profit (best available)	£2m	£1.7m	£1.3m	£407k
Staff costs	£8.5m	£9.4m	£9.3m	£9.5m
Employees (average)	263	262	236	238
Ratios
Profit margin	6.2%	4.4%	2.8%	0.9%
Gross margin	30.2%	31%	28.8%	29.8%
Revenue per employee	£124k	£149k	£194k	£183k
Profit per employee	£7.7k	£6.6k	£5.4k	£1.7k
Cash conversion	30.4%	−149.5%	−113.6%	−239.9%
Growth (year on year)
Revenue growth	—	▲19.1%	▲17.6%	▼5.1%
Profit growth	—	▼15.1%	▼25.5%	▼68.3%
Headcount growth	—	▼0.4%	▼9.9%	▲0.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£5.7k	£6.4k	£6.7k	£7.3k
Net assets	£13.1m	£14.5m	£11.3m	£11.4m
Fixed assets	£10.1m	£11.1m	£11.1m	£11.3m
Current assets	£24.8m	£25.9m	£26.9m	£26.1m
Debtors	£6.2m	£7.9m	£8m	£6.6m
Cash from operations	£1m	−£5m	−£3.4m	−£3.9m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 0.9%; Profit ÷ revenue.
Gross margin: 29.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £183k; Revenue ÷ average employees.
Profit per employee: £1.7k; Profit ÷ average employees.
Cash conversion: −239.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 25.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.3%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲0%; Now £11.4m
Cash at bank: ▲9%; Now £7.3k
Headcount: ▲1%; Now 238
Deferred income: —; Now —
Fixed assets: ▲1%; Now £11.3m

Corporate ownership

Group structure

Ownership chain

Gardiner Bros. and Company Holdings Limitedultimate parent75–100%
Gardiner Bros. and Company (Leathers) Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (3)

Group Five (Shoes) LimitedFigures not disclosed
H. Underwood and Sons LimitedFigures not disclosed
Uniquemix LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £407k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.